The Business Research Company’s Veterinary Disposables Global Market Report 2021 – COVID-19 Growth And Change
LONDON, GREATER LONDON, UK, September 7, 2021 /EINPresswire.com/ — Companies in the veterinary disposables industry are increasingly investing in mergers and acquisitions with other players to drive product innovations. To succeed in the increasingly competitive veterinary disposables market, companies are entering into new geographies and developing innovative products through sharing skills and expertise with other players through acquisitions and mergers. In April 2020, Heska Corporation, a US-based company that manufactures and markets products related to companion animal care, acquired Scil Animal Care for $125 million. Through this acquisition, Heska Corporation expects to expand in the European region. Scil Animal Care is a European company that specializes in the distribution of animal health laboratories and imaging diagnostic products and services. In 2016, Midmark acquired VSSI, Inc. for better product innovation.
Major players covered in the veterinary disposables market are Mindray Medical International Limited, Smiths Group PLC, B. Braun Melsungen AG, Henry Schein, DRE Veterinary, Midmark Corporation, Jorgensen Laboratories, BD, Cardinalhealth, Medtronic.
The veterinary disposables market consists of sales of veterinary disposables by companies that manufacture veterinary disposables. Veterinary disposables are products where are meant for single use, used for the treatment of diseases in animals.
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The global veterinary disposables market is expected to grow from $0.283 billion in 2020 to $0.304 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $0.446 billion in 2025 at a CAGR of 10%.
TBRC’s veterinary disposables market report is segmented by type into critical care consumables, wound management consumables, fluid administration and therapy consumables, airway management consumables, gastroenterology consumables, needles, others, by animal type into small animals, large animals, others, and by end user into veterinary clinics, veterinary hospitals, research institutes, others.
Veterinary Disposables Global Market Report 2021 – By Type (Critical Care Consumables, Wound Management Consumables, Fluid Administration and Therapy Consumables, Airway Management Consumables, Gastroenterology Consumables, Needles), By Animal Type (Small Animals, Large Animals), By End User (Veterinary Clinics, Veterinary Hospitals, Research Institutes), COVID-19 Growth And Change is one of a series of new reports from The Business Research Company that provides veterinary disposables market overview, forecast veterinary disposables market size and growth for the whole market, veterinary disposables market segments, and geographies, veterinary disposables market trends, veterinary disposables market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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